The Holman Building will lose about 15 feet in height at its topmost point in the process of becoming part of a new downtown Pacific Grove hotel, according to developer Drake Leddy.

Leddy, CEO of Presidian Hotels and Resorts of San Antonio, Texas, plans to build a 209-room luxury hotel on the Holman Block bounded by Lighthouse, Grand, Central and Fountain avenues.

Key to going ahead with the project is passage of Measure F, which rezones the Holman Block to allow construction of buildings up to 75 feet in height with 100 percent lot coverage.

The proposed Holman Hotel won't be that big, Leddy said Wednesday when he unveiled an architect's "massing model" of the project at City Hall.

The model shows what he plans to build compared to surrounding buildings in the neighborhood.

One part of the hotel that would go away, Leddy said, is a space for elevator "overrun" cables that project 15 feet above the Holman Building penthouse, once used as a restaurant.

The top of that structure is close to 95 feet up from the parking lot at the rear of the building. Renovations to the building will lower the height even more.

Leddy's proposal would call for a 65-foot height overall, stepping down to 30 feet at Grand Avenue, a height he said matches that of neighboring buildings, including the roof peak of Pacific Grove Library across Grand.

The proposal also allows for wider sidewalks by reducing the lot coverage, or "footprint," of the hotel.

Leddy said the model shows he has met city requirements that the hotel be built in scale to its surroundings, noting that Measure F specifically sets limits on the development beyond the 75-foot height limit.

Leddy has contended that he needs a hotel with at least 200 rooms to support the amenities of a grand hotel: spa, banquet facilities, meeting rooms, restaurants, swimming pool and shops.

He plans to locate 18 600-square-foot suites and the spa on the third floor of the Holman Building, devote the first floor and mezzanine to retail shops, and provide banquet rooms and event facilities on the fourth floor.

The penthouse restaurant would become the hotel's fine dining facility, and the basement its laundry and cleaning equipment area.

The Holman Building's old elevators would be removed, and seven new ones — three serving the original building and four for the new hotel structure — would be part of the project.

The new hotel would be built in a hollow square with a "green" roof garden courtyard over the lobby. Water for landscaping could potentially be drawn from an underground stream that runs under the hotel, Leddy has said.

He said the hotel could bring in an additional $1.4 million in tax revenues of all types to the city and provide 230 permanent hotel-related jobs.

If Measure F passes Nov. 6 and if he navigates successfully through environmental approvals and the permit process, construction would take 15 to 18 months and cost $75 million to $80 million, Leddy said.

Opponents of Measure F have argued that Leddy's proposals are irrelevant to the ballot measure. Measure F would permanently rezone the Holman Block whether Leddy builds his project or not, and a future developer could build something different and out of scale, they contend.